Magna International
419 hedge funds and large institutions have $11.9B invested in Magna International in 2023 Q4 according to their latest regulatory filings, with 63 funds opening new positions, 144 increasing their positions, 146 reducing their positions, and 39 closing their positions.
62% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 39
43% more funds holding in top 10
Funds holding in top 10: 7 → 10 (+3)
24% more call options, than puts
Call options by funds: $70.6M | Put options by funds: $56.7M
14% more capital invested
Capital invested by funds: $10.4B → $11.9B (+$1.5B)
5% more funds holding
Funds holding: 400 → 419 (+19)
1.19% more ownership
Funds ownership: 67.4% → 68.6% (+1.2%)
1% less repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 146
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$165M |
| 2 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$85.4M |
| 3 |
Morgan Stanley
New York
|
+$78.8M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$49.2M |
| 5 |
Harris Associates
Chicago,
Illinois
|
+$38.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$86.1M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$54.9M |
| 3 |
Renaissance Technologies
New York
|
-$19.3M |
| 4 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$16.9M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$16.7M |
MGA Hedge Fund Activity: Q4 2023 in Review
419 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Magna International (MGA) for Q4 2023, worth a combined $11.9B — up 14% from $10.4B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new MGA positions and 39 closed out — a net gain of 24 holders — while 144 added to existing stakes and 146 trimmed.
The largest buyer was Pzena Investment Management, adding an estimated $165M. The largest seller was Canada Pension Plan Investment Board, cutting an estimated $86.1M.
- 419 institutional investors held Magna International (MGA) as of Q4 2023, up from 400 in Q3 2023.
- Funds reported $11.9B of Magna International stock for Q4 2023, up 14% quarter-over-quarter.
- 63 funds opened new Magna International positions in Q4 2023 and 39 closed out, a net change of +24 holders.
- The largest Magna International buyer in Q4 2023 was Pzena Investment Management, an estimated $165M added.
- The largest Magna International seller in Q4 2023 was Canada Pension Plan Investment Board, an estimated $86.1M sold.
Based on aggregated 13F filings for Q4 2023.